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On January 1, McCarver Corporation had 800,000 shares of $10 par value common stock outstanding. On March 31 the company declared a 10% stock dividend.

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On January 1, McCarver Corporation had 800,000 shares of $10 par value common stock outstanding. On March 31 the company declared a 10% stock dividend. Market value of the stock was $15 per share. As a result of this event, McCarver's Paid-in-Capital in Excess of Par Value account increased $400,000 McCarver's total stockholders' equity was unaffected. All of these answer choices are correct. McCarver's Stock Dividends account increased $1.200,000

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